THE NEED FOR MULTIPLE STREAMS OF CASH FLOW

Click on Today's Blog Quick Video Summary https://biteable.com/watch/embed/multiple-streams-of-income-1922859 MULTIPLE STREAMS OF INCOME on Biteable. Last week we discussed the criticality of finding good mentors. One of my favorite mentors taught me the value of this week’s topic- Multiple Streams of Income. My Uncle, a public school teacher in NC, {NC, my home state, pays educators well below national average.) through hard work developed the following multiple income streams: Teacher’s Salary; Cash From 31 ...

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IS IT A GOOD IDEA TO PAY YOUR MORTGAGE OFF EARLY?

If you have purchased a home, congratulations! I am confident you did your research and made a GREAT investment. Let’s discuss pros and cons of paying off that worrisome 30 YEAR mortgage early. My opinion, if you can afford to pay your mortgage off early, do it. I have paid one off early and in the process of paying two more mortgages off early. For me at least, I sleep better! Let’s ...

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Is Buying A Home A Great, Good, Or Risky Investment – Today?

The answer to above question depends on a lot of factors, from your financial health/stability, the location you live in and the health of your local real estate market.  I purchased my first home when I was 25, and admit I was  clueless on the process and cost associated with buying a home.  It turned out to be a good investment, I was LUCKY! Instead of relying on luck, lets look ...

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MOM, DAD, CAN YOU SPARE $250,000…..PLEASE!

When my daughter was born 25 years ago, I needed over $100,000+ to pay for her education. That was a lot of money than and now. Fortunately, I read about an education savings tool, the Custodian - UTMA/UGMA, which I used to invest for her education and minimize taxes. I invested 50% of my savings into Apple shares. Those investments, coupled with the good careers my ...

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401 K – THE MOST AMAZING MILLION DOLLAR INVESTMENT

Last week I interviewed my young friend Jake and we discussed his family’s primary investments tools, including the 401-K Plan (401-K). The absolute best investment vehicle I and MILLIONS of other Americans utilize is the 401-K. Yet, of the 79% of Americans who have access to fund a 401-K, only 41% participate. Let me explain why 59% are making a huge mistake that will cost them dearly in the future…say ...

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WARREN BUFFETT MAKES $9 BILLION ON APPLE – HOW ABOUT YOU?

BERKSHIRE HATHAWAY MADE BELOW APPLE STOCK PURCHASES • March 2016: Purchased 9.8 million shares • June 2016: 5.4 million shares • December 2016: 42.2 million shares • March 2017: 72 million shares • June 2017: 1 million shares • September 2017: 3.9 million shares • December 2017: 31 million shares Today, I believe Warren Buffett and staff know more about Apple than its Board of Directors (BODs).  Unfortunately, that is not saying much.  As most BOD’s add little value to shareholders.  So who is responsible ...

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BUYING EQUITIES ON SALE!

So you are thinking about buying a new car?  Year-end sales are coming in a few weeks and the car manufacturers will discount thousands of dollars and offer zero interest.  Do you buy at today’s full price or wait?  Personally, I wait for sale prices for clothes, electronics, vehicles, equities, etc.  The stock market gives you sale prices when the market corrects and drops a few percentage points.  This is ...

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My Journey to Becoming a Millionaire.

My journey started when I was about 12.  I was lucky to have two smart and wonderful parents.  Mom taught me the value of savings and compound interest (future blog).  Dad taught me the value of hard work and self-improvement. I remember the day we drove to the bank and opened a savings account.  I was excited because I always enjoyed saving money!!  Mom deposited some money, I think about $25.  And I ...

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Do You Want or Need a Cadillac?

When I was young, there was a house I would notice when riding to my Grandmama’s house.  It was an old wooden structure house, which needed a new paint job and even had cracks in the wood so I could see inside the house. But what stood out, was the brand new four door Cadillac sitting in front of the house.  The house and the land was NOT worth the ...

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